Guideline Value for ASHOK BRINDAVAN NAGAR

Ashok Brindavan Nagar guideline value

The current guideline value of Ashok Brindavan Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Ashok Brindavan Nagar has changed

The guideline value for Ashok Brindavan Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 3,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has seen an increase of 10%.

Guideline values in Iyyappanthangal

Iyyappanthangal village has a total of 134 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ashok Brindavan Nagar's 2024 figure above this median.

• Ashok Brindavan Nagarextn.: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Athithanar Nagar: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Brindavan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Brindavan Nagar?

The Sub Registrar Office that covers Ashok Brindavan Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Iyyappanthangal

The guideline value is a crucial factor when buying or selling property in Iyyappanthangal. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during registration.

When a property is registered, the authorities will assess the guideline value to calculate the necessary fees. This ensures that all transactions are conducted transparently and in accordance with the regulatory framework established by the Registration Department.

Frequently asked questions

What is the current guideline value of Ashok Brindavan Nagar?

The current guideline value of Ashok Brindavan Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. From 2017 to 2023, it rose by 49% from Rs 2,010 per sq.ft to Rs 3,000 per sq.ft.

What is the land classification of Ashok Brindavan Nagar?

Ashok Brindavan Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Ashok Brindavan Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 33,00,000, the total fees would amount to Rs 2,97,000.

Which office handles registrations for Ashok Brindavan Nagar?

The Chennai South Joint I Sub Registrar Office handles registrations for Ashok Brindavan Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.